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Educational services and seminars often have trouble finding a merchant account processor who can accommodate them. It may come as a surprise that educational seminars are considered a high risk by banks and processors. Many educational seminars are being denied or dropped for merchant accounts because of this. Limitless can match educational seminar merchants with trustworthy and secure high risk processors.
Educational services and seminars are classified as high risk by banks and processors who are hesitant to approve them for a traditional merchant account. Businesses in many industries, from real estate to stock trading, provide seminars for their industry and it is ideal for their customers to pay by credit card. However, it has become increasingly difficult for seminars to get approved for a conventional merchant account. The main reasons they are considered high risk are because the seminar industry has a history of high chargeback rates, inconsistent cycles of revenue, and flexible business models. Those are all things that traditional processors do not want to be associated with. The easiest solution for an education seminar is to apply for a high risk merchant account. Limitless can help merchants choose the best provider for their specific industry.
Limitless specializes in high risk merchant accounts, and has vast experience working with merchants in high risk industries. Do not let traditional processors discourage you, there are many benefits to applying with a high risk processor, such as excellent customer support and more efficiency. Limitless can match your educational seminar with a secure and trustworthy merchant account processor.
If you are an educational seminar or educational services merchant looking to be approved for a merchant account, Limitless can help you get approved as quick as possible. We are 100% committed to you through every step of the process. Call us at (516) 384-6655 or use the easy apply now form on this page to get started!